UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB


(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
    SECURITES EXCHANGE ACT OF 1934

For the quarterly period ended                 October 31, 1999
                               -------------------------------------------------

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
    SECURITIES EXCHANGE ACT OF 1934

For the transition period from                       to
                               ----------------------  -------------------------

Commission File number                        0-26309
                      ----------------------------------------------------------


                           CORONADO EXPLORATIONS LTD.
               --------------------------------------------------
               (Exact name of registrant as specified in charter)


           Delaware                                           98-0200471
----------------------------------------                ------------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                            Identification No.)

397 Ventura Crescent
North Vancouver, BC, Canada                                      V7N 3G7
----------------------------------------                ------------------------
(Address of principal executive offices)                       (Zip Code)

                                  604-985-8940
               --------------------------------------------------
               Registrant's telephone number, including area code


      ---------------------------------------------------------------------
      (Former name, address, and fiscal year, if changed since last report)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such  reports),  Yes [X] No [ ] and ( ) has been
subject to filing requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the last practicable date.

                 Class                       Outstanding as of November 12, 1999
    ------------------------------           -----------------------------------
    Common Stock, $0.001 per share                       250,000


<PAGE>


                                      INDEX

<TABLE>
<CAPTION>

                                                                                                       Page
                                                                                                      Number
                                                                                                      ------
<S>                                                                                                   <C>

PART 1.

         ITEM 1.  Financial Statements (unaudited).........................................              3

                  Balance Sheet as at October 31, 1999 ....................................              4

                  Statement of Operations
                   For the three months ended  October 31, 1999 and
                       for the period  from  February 2, 1999 (Date of
                       Incorporation) to October 31, 1999..................................              5

                  Statement of Changes in Shareholders' Equity
                   For the period from February 2, 1999 (Date of
                       Incorporation) to October 31, 1999..................................              6

                  Statement of Cash Flows
                   For  the three months ended  October 31, 1999 and
                       for the period  from  February 2, 1999 (Date of
                       Incorporation) to October 31, 1999..................................              7

                  Notes to the Financial Statements........................................              8

         ITEM 2.  Plan of Operations.......................................................             11


PART 11           Signatures...............................................................             12

</TABLE>









                                       2

<PAGE>



                         PART 1 - FINANCIAL INFORMATION

--------------------------------------------------------------------------------

                          ITEM 1. FINANCIAL STATEMENTS

--------------------------------------------------------------------------------

The  accompanying  balance sheet of Coronado  Explorations  Ltd. (an exploration
stage company) at October 31, 1999 and the statement of operations and statement
of cash flow for the three months ended October 31, 1999 and for the period from
February 2, 1999 (date of  incorporation)  to October 31, 1999 and the statement
of  stockholders'  equity  for  the  period  from  February  2,  1999  (date  of
incorporation)  to  October  31,  1999  have  been  prepared  by  the  Company's
management  and they do not include all  information  and notes to the financial
statements  necessary for a complete  presentation  of the  financial  position,
results of operations,  cash flows, and stockholders'  equity in conformity with
generally  accepted  accounting  principles.  In the opinion of management,  all
adjustments  considered  necessary  for a fair  presentation  of the  results of
operations  and financial  position have been included and all such  adjustments
are of a normal recurring nature.

Operating  results for the quarter ended October 31, 1999,  are not  necessarily
indicative  of the results that can be expected for the year ending  January 31,
2000.










                                       3

<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                                  BALANCE SHEET

                                October 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>

<S>                                                                                        <C>
   ASSETS

   CURRENT ASSETS

        Bank                                                                                $        385
                                                                                            ------------

                                                                                            $        385
                                                                                            ============

   LIABILITIES

         Accounts payable and accrued liabilities                                           $     1,550
         Accounts payable - related party                                                         6,211
                                                                                            -----------

                                                                                                  7,761
                                                                                            -----------

   STOCKHOLDERS' EQUITY

        Common stock
              25,000,000 shares authorized, at $0.001 par
              value, 250,000 shares issued and outstanding                                         250

        Capital in excess of par value                                                          10,350

        Deficit accumulated during the exploration stage                                       (17,976)
                                                                                            -----------

              Total Stockholders' Equity                                                        (7,376)
                                                                                            -----------

                                                                                            $      385
                                                                                            ==========


</TABLE>

              The accompanying notes are an integral part of these
                        unaudited financial statements.

<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF OPERATIONS

         For the three months ended October 31, 1999 and for period from
            February 2, 1999 (Date of Inception) to October 31, 1999

                      (Unaudited - Prepared by Management)

                                       FOR THE THREE           FROM INCEPTION
                                        MONTHS ENDED                  TO
                                      OCTOBER 31, 1999        OCTOBER 31, 1999
                                      ----------------        ----------------


SALES                                     $     --              $     --
                                          --------              --------

GENERAL  AND  ADMINISTRATIVE  EXPENSES:

     Accounting and audit                      600                 2,600
     Annual fee                                125                   125
     Bank charges and interest                  19                    59
     Edgar filing fees                       1,125                 1,969
     Geology report                            500                 1,770
     Incorporation costs written off            --                   519
     Management fees                         1,500                 4,500
     Office expenses                            --                   221
     Rent                                      900                 2,700
     Staking fees                               --                   348
     Telephone                                 300                   900
     Transfer agent's fees                      --                 2,265
                                          --------              --------

NET LOSS                                  $  5,069              $ 17,976
                                          ========              ========


NET LOSS PER COMMON SHARE

     Basic                                $   0.02              $   0.09
                                          ========              ========

AVERAGE OUTSTANDING SHARES

     Basic                                 250,000               196,168
                                          ========              ========





              The accompanying notes are an integral part of these
                        unaudited financial statements.



                                       5


<PAGE>


                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

            For the period from February 2, 1999 (Date of Inception)
                               to October 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


                                                                                            CAPITAL IN
                                                                 COMMON STOCK                EXCESS OF       ACCUMULATED
                                                             SHARES           AMOUNT         PAR VALUE         DEFICIT
                                                             ------           ------        -----------      -----------
<S>                                                          <C>            <C>             <C>              <C>

BALANCE FEBRUARY 2, 1999 (date of inception)                     --         $     --         $     --         $     --

Issuance of common shares for cash at
     $0.01 - March 31, 1999                                 250,000              250            2,250               --

Capital contributions - expenses                                                                8,100

Net operating loss for the period from
     February 2, 1999 to October 31, 1999                        --               --               --          (17,976)

BALANCE OCTOBER 31, 1999                                    250,000         $    250         $ 10,350         $(17,976)
                                                           ========         ========         ========         ========


</TABLE>





              The accompanying notes are an integral part of these
                        unaudited financial statements.

                                       6

<PAGE>




                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

       For the three months ended October 31, 1999 and for the period from
            February 2, 1999 (Date of Inception) to October 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


                                                                       FOR THE THREE           FROM INCEPTION
                                                                        MONTHS ENDED                 TO
                                                                       OCTOBER 31, 1999        OCTOBER 31, 1999
                                                                       ----------------        ----------------
<S>                                                                    <C>                        <C>

     CASH FLOWS FROM
          OPERATING ACTIVITIES:

          Net loss                                                     $        (5,069)           $    (17,976)

          Adjustments to reconcile net loss to net cash
               provided by operating activities:

               Increase in accounts payable                                      1,550                   1,550
               Increase in accounts - related party                                 --                   6,211
               Capital contributions - expenses                                  2,700                   8,100
                                                                       ---------------           -------------

                    Net Cash from Operations                                      (819)                 (2,115)
                                                                       ---------------           -------------

     CASH FLOWS FROM FINANCING
          ACTIVITIES:

               Proceeds from issuance of common stock                               --                   2,500
                                                                                                 -------------

          Net Increase in Cash                                                    (819)                    385

          Cash at Beginning of Period                                            1,204                      --
                                                                       ---------------           -------------

          CASH AT END OF PERIOD                                        $           385           $         385
                                                                       ===============           =============

</TABLE>



                         The  accompanying  notes are an integral  part of these
unaudited financial statements.


                                       7

<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 1999

                      (Unaudited - Prepared by Management)


1.       ORGANIZATION

         The Company was incorporated under the laws of the State of Delaware on
         February 2, 1999 with the authorized common shares of 25,000,000 shares
         at $0.001 par value.

         The Company was organized  for the purpose of acquiring and  developing
         mineral  properties.  A mineral claim, with unknown reserves,  has been
         acquired.   The  Company  has  not   established  the  existence  of  a
         commercially  minable  ore deposit  and  therefore  has not reached the
         development stage and is considered to be in the exploration stage (see
         Note 3).

         The Company has completed a Regulation D offering of 250,000  shares of
         its capital stock for cash.


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Accounting Methods

         The Company  recognizes income and expenses based on the accrual method
         of accounting.

         Dividend Policy

         The  Company  has  not  yet  adopted  a  policy  regarding  payment  of
         dividends.

         Income Taxes

         The Company  has elected a fiscal year ending  January 31, 2000 and has
         not completed an operating period and therefore has not filed an income
         tax return.  However,  the Company may incur an operating  loss for the
         period ending  January 31, 2000,  which will be available for carryover
         and applied  against future taxable income  resulting in a tax benefit.
         The  potential  tax benefit from any loss carry  forward has been fully
         offset by a valuation reserve because the use of any future tax benefit
         is doubtful since the Company has no operations.




                                       8

<PAGE>

                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 1999

                      (Unaudited - Prepared by Management)


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

         Loss per Share

         Loss per share  amounts  are  computed  based on the  weighted  average
         number of shares actually  outstanding  using the treasury stock method
         in accordance with FABS Statement No. 128.

         Cash and Cash Equivalents

         The Company  considers all highly liquid  instruments  purchased with a
         maturity,  at the time of purchase,  of less than three  months,  to be
         cash equivalents.

         Capitalization of Mineral Claim Costs

         Cost of  acquisition,  exploration,  carrying,  and  retained  unproven
         properties  are  expensed  as  incurred.  Cost  incurred in proving and
         developing  a  property  ready  for  production  are   capitalized  and
         amortized over the life of the mineral deposit or over a shorter period
         if the property is shown to have an impairment  in value.  Expenditures
         for mining  equipment are capitalized and depreciated over their useful
         life.

         Environmental Requirements

         Environmental requirements related to the mineral claims acquired (Note
         3) are unknown and  therefore  an estimate of any future cost cannot be
         made.

         Financial Instrument

         The carrying amount of financial instrument,  being cash, is considered
         by management to be its standard fair value.

         Estimates and Assumptions

         Management  uses  estimates  and  assumptions  in  preparing  financial
         statements in accordance with generally accepted accounting principles.
         Those  estimates  and  assumptions  affect the reported  amounts of the
         assets  and  liabilities,  the  disclosure  of  contingent  assets  and
         liabilities,  and the reported  revenues and expenses.  Actual  results
         could vary from the  estimates  that were  assumed in  preparing  these
         financial statements.



                                       9

<PAGE>


                           CORONADO EXPLORATIONS LTD.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                October 31, 1999

                      (Unaudited - Prepared by Management)


3.       ACQUISTION OF MINERAL CLAIMS

         The Company has acquired  mineral claims located in the Bralorne Mining
         area of British Columbia with an expiration date of February 26, 2000.

         The  claims  have not been  proven  to have a  commercial  minable  ore
         reserve and  therefore  all costs for  exploration  and  retaining  the
         properties have been expensed.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 61% of the common stock issued.

         The  officers  and  directors  of the  Company  are  involved  in other
         business  activities  and they may, in the future,  become  involved in
         additional business ventures which also may require their attention. If
         a specific business  opportunity  becomes  available,  such persons may
         face a conflict  in  selecting  between  the  Company  and their  other
         business  interests.  The  Company  has  formulated  no policy  for the
         resolution of such conflicts.

5.       GOING CONCERN

         The Company will need  additional  working  capital to be successful in
         its  planned  activities  and  continuation  of the  Company as a going
         concern is dependent upon obtaining  additional working capital and the
         management of the Company has  developed a strategy,  which it believes
         will accomplish this objective through  additional equity funding,  and
         long term  financing,  which will  enable the Company to operate in the
         future.

         Management  recognizes  that,  if  it is  unable  to  raise  additional
         capital, the Company cannot be successful in its efforts.





                                       10

<PAGE>

--------------------------------------------------------------------------------

                           ITEM 2. PLAN OF OPERATIONS

--------------------------------------------------------------------------------

It is anticipated  before the winter  arrives at the Coronado  mineral claim the
Company will be able to undertake a small  exploration  program  comprising of a
geochemical  grid  which  subsequently  can be sampled in the spring of the year
2000. There is no guarantee that the Company will be able to access the property
but anticipates doing so at the present time.


Liquidity and Capital Resources

At the present time the Company does not have sufficient working capital on hand
to undertake any exploration  program unless it is financed by the directors and
officers  themselves.  Management  realizes  that to be successful in its future
exploration program it will have to obtained  additional  funding.  The areas of
consideration for the additional funding will either be institutional  borrowing
or through the issuance of its common shares. No consideration has been given to
the form of financing at the present time.

Results of Operations

The Company has had no operations  and therefore no results can be given at this
time.













                                       11

<PAGE>


                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                           CORONADO EXPLORATIONS LTD.
                                  (Registrant)



              November 12, 1999                    /s/  "Mary Hethey"
--------------------------------------      ------------------------------------
                    Date                    Mary Hethey - President and Director














                                       12